How Allaire was paid
$16.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Jeremy AllaireChairman and Chief Executive Officer | $900,000 | $500,000 | $8,999,974 | — | $1,764,000 | $4,096,862 | $16,260,836 |
| Jeremy Fox-GeenChief Financial Officer | $500,000 | — | $5,999,983 | — | $770,000 | — | $7,769,983 |
| Kash RazzaghiChief Commercial Officer | $483,333 | $1,356,250 | $10,207,876 | $7,999,991 | $700,000 | $48,770 | $20,796,220 |
| Heath TarbertPresident | $500,000 | — | $7,499,994 | — | $770,000 | $91,372 | $9,361,366 |
| Nikhil ChandhokChief Product and Technology Officer | $500,000 | — | $5,999,983 | — | $770,000 | $108,414 | $7,878,397 |
What changed and why
- Circle completed a successful initial public offering in June 2025 and a follow-on offering in August 2025.
- $2.7BTotal revenue and reserve income increased 64% year-over-year to $2.7 billion in fiscal 2025.
- $16.3MCEO total compensation increased to $16,260,836 in fiscal 2025 from $12,245,017 in fiscal 2024.
- $500KThe CEO received a one-time IPO award of $500,000 paid quarterly over two years.
- $75.3BUSDC circulation reached $75.3 billion, representing a 72% increase year-over-year.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.